Would you get married while your fiance has bad credit?

United States
February 25, 2008 5:45pm CST
If you have pretty good credit, own your home, and your car. Would you get married before your significant other cleans up his/her debt? I am talking $15,000 or more?
2 people like this
5 responses
@Bethany1202 (3431)
• United States
25 Feb 08
I was married to a man with bad credit for years. We filed everything separately. We are now divorced for a number of reasons and I worked very hard to rebuild my own credit which became damaged after this. I am sorry if it sounds mean, but I will never go thru that again! I work too hard to have my finances messed up by someone who is irresponsible. Even if this debt was caused by extreme circumstances such as emergencies, being laid off, etc, I would still make sure their credit is recovered before marrying them.
• United States
26 Apr 08
It's amazing to me how many people look at something like a credit score to determine who a person is. I had bad credit when my wife married me. Mine was at a horrible 501, hers was at 760. I paid off a majority of my debts before we were married. I had a couple of judgments, but I paid those debts off before any garnishments happened. I had several collections, in fact, almost all of my revolving credit accounts were in collections. Two things contributed to my low score. I lost my job, but the main thing was that I was rather uneducated when it came to credit, and made some bad bad bad choices. I was barely able to make minimum payments when I had the job. I did what I could to pay everything, but it just wasn't enough. I worked on a man's farm picking tomatoes for $6.00 an hour. I mowed lawns, cleaned houses, I even picked up and saved over 400 pounds of aluminum cans. I finally was able to get a good, high paying and steady job after 6 months. In that time, I had made my credit go from 721 down to 501. It stayed that way for quite a while. I was able to pay off quite a bit before marriage, but not all. She was very understanding, and even helped me make a budget and plan to get out from under that burden. I asked her if she wanted to wait to get married, or sign a prenup, and she elected neither. I regret the mistakes I made, but the idea that someone who has a bad score is a deadbeat is way off base. A credit score doesn't say very much to credibility. What it says is that the bills haven't been paid as agreed. I did, however, pay them. Just as a side note, if anyone has something in collections, just pay the original creditor the money, not the collection agency. That's what I did. I am doing my best to rebuild my good name and credit history so that it won't hols us back. We have a joint checking and savings account. Credit cards (which we have frozen in a glass of water in the freezer so that we can't easily and readily get to them {my idea, btw}) are separate. I wanted to ensure that no matter what, we could safeguard her credit, because it is hard to keep a good credit rating. That said, people with bad credit are still people. FICO can't sum up any character or integrity by putting a number to it. There are many deadbeats, yes, but to allow a number to represent the person for you is to concede your ability to make judments about character.
@Gemmygirl1 (2868)
• Australia
26 Feb 08
I guess it depends really, if you have everything done separately - my partner & i are not married but even if we were to marry, his debts cant really affect things like my home, cars or anything, as we each own our own things. The house & 2 cars are mine so if we were married & divorced, he wouldn't have rights to any of that. Having said that, i think maybe it would be a better idea if you got him on the path to fixing the debts. All you have to do is consolidate all his debts in to the 1 big debt & make arrangements to pay that debt off whenever he gets paid. I have found this to be the easiest option with my own outstanding bills, if i pay them off bit by bit, they get paid & i cant get myself in to any more financial trouble. Good luck but i don't think it would make too much of a difference, especially if things you have bought, are in your name only - he really hasn't got any rights to those & neither do the creditors/debt collectors that are chasing him!
@snowzhxq (46)
• China
26 Feb 08
if I have pretty good credit and I love him or her enough. I will. Money is very important. But after you spending it, you can earn it in future. but when the real love pass away, you can not find it again in all you life. I married with a man who are poor. and when we married. we haven't our own house and car. we live in his parents' house. But we love each other very much. and now we have our 4 year old son. Even now, we still not have our own house but we are happy and we will buy our house when we earn enough money. Sometime, up to how do you think.
• United States
25 Feb 08
I would say no I wouldnt. If their credit is that bad now then im sure it will be that bad later and then its not only that persons responsibility but also the person they married.
• United States
25 Feb 08
Marrying an irresponsible person financially is not a good idea. Creditors of your spouse can come after your assets! Talk to a lawyer specializing in this sort of thing. I'm sure you worked hard to establish a good credit record and own your own home and car. Don't let a foolish choice for a spouse ruin your life.